According to this recent press release from the Kitchener-Waterloo Real Estate Board (KWREB), house prices continued to climb in April 2010.

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The 2010 Real Estate year began with the best January ever; beating out the previous record set in January 2006 and seeing the sale of residential properties reach a monthly high for the fifth time in a row. Home sales activity reached 416 residential units, a jump of nearly 64 percent compared to January 2009 and the total dollar volume of residential properties purchased also increased by 84 percent compared to the same month last year.

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Here is a recent snapshot (taken on April 23) of the progress at the building site for the new Family YMCA and the John M. Harper District Branch Library at the corner of Laurelwood Drive and Fischer Hallman Road in Waterloo.

Read more about this facility in this article.

As this recent press release from the Kitchener-Waterloo Real Estate Board states, home sales are continuing to surge in the K-W area in March 2010.

MARCH HOME SALES SURPASS THE 700 THRESHOLD

KITCHENER-WATERLOO, ON (April 6, 2010) - For the first time in the month of March, residential property sales through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Real Estate Board (KWREB) surpassed the 700 transactions threshold.

Home sales surged last month to 731 units, an increase of 47.1 percent relative to March 2009 results. In February there were 555 sales.

"Usually we start to see this kind of activity in April and May," said, Ted Scharf, President of the Kitchener-Waterloo Real Estate Board, "but spring has sprung a little earlier this year in terms of home sales."

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Recently Coldwell Banker Peter Benninger Realty held our annual Economic Update in the Coldwell Banker theatre at 508 Riverbend Drive. During the two sessions held on February 4  Paul Ferley, the assistant chief economist of RBC Royal Bank, gave the audience his overview of the economic outlook for 2010.

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According to this recent press release from the Kitchener-Waterloo Real Estate Board, the K-W area real estate market is still going strong.

KITCHENER-WATERLOO, ON (March 3, 2010) - While Canada's athletes were racing for Olympic Gold; Waterloo region's homebuyers were racing to buy real estate. REALTORS® of the Kitchener-Waterloo Real Estate Board (KWREB) traded 553 homes in February through the Multiple Listing System (MLS®) for a total value of $153,120,645, marking a 31.7 percent increase over January's results.

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In this recent press release from the Kitchener Waterloo Real Estate Board (KWREB), the board states that the local real estate market is continuing on the strong trend that began in 2009.

K-W Home Sales End Year on Strong Note

KITCHENER-WATERLOO, ON (January 6, 2010) - Another new record for residential sales was set by the Kitchener-Waterloo Real Estate Board (KWREB) in December. MLS® home sales hit 356 units to the end of December, a 60 percent increase from the same month one year ago, and a 15 percent increase from the previous record set in 2006.

The steady climb of residential property sales that began in the second quarter brought the year-to-date total in Kitchener-Waterloo and area to 6,467, a 5.8 percent increase over 2008.

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Here is an interesting article from the MSN.money website. It discusses the authors' ideas about why the Canadian housing market is healthy and how our market compares to the housing market in the U.S.A.

Why is the Canadian Housing Market so Healthy?

By Peter Diekmeyer, Bankrate.com, December 3, 2009

As housing prices continue to rise, Canadians will need to stay grounded to maintain growth.

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According to this recent article supplied by The Real Estate Investment Network, the Kitchener-Waterloo area is among the best areas to invest in real estate:

"Technology Triangle remains the Number One place to invest in Ontario"

Oct. 2nd - The Real Estate Investment Network's (REINT) release of Top Ontario Investment Towns analyzes the current and future prospects for real estate investment opportunities in Ontario. The 108 page report states that recent market correction provides buying opportunities for home owners and investors; however, only in select regions of the province. It identifies which areas will outperform in the coming decade and finds that the Kitchener Waterloo Cambridge area is the top region in Ontario in which to invest in real estate.

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Construction has recently begun on the "John M. Harper District Branch Library" at the corner of Fischer Hallman Road and Laurelwood Drive in Waterloo. This new library branch is being built together with a family YMCA.

Here is the press release provided by the City of Waterloo in early October:

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According to a recent press release from the Kitchener-Waterloo Real Estate Board, consumers are showing confidence in the local real estate market.

KITCHENER-WATERLOO, ON (October 5, 2009) - The 531 homes sold last month through the MLS® System of the Kitchener-Waterloo Real Estate Board (KWREB) may be a mere one percent increase relative to one year ago, but is still the most ever recorded in a single September of the board's history.

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The 2009 Coldwell Banker Home Price Comparison Index (HPCI) released today found that Vancouver, BC placed tenth on the North American most expensive list at almost 1.3 million dollars CDN, this also tops the 35 Canadian markets studied. PEI was narrowly edged out of the North American top ten most affordable markets.

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